Logistics companies will have to sweat it out for GST benefits

Monday, March 27, 2017, 11:31 AM

There is a widespread belief that the implementation of the GST will herald a new era for logistics firms. New regulation will strengthen organised companies’ competitive position vis-à-vis the unorganised sector, as customers will be allowed to offset service tax under GST. A large part of the surface logistics business is handled by the unorganised sector as tax avoidance helps them keep prices lower.